Describes advantages and disadvantages of work evaluation methods: ranking, market pricing, banding, classification, single-factor, competency, point-factor, and factor comparison. Compares work evaluation perspectives: traditional, realist, market advocate, strategist, organizational development, social reality, contingency theory, competency, cognitive decision-making. Concludes that traditional systems remain relevant but need to reflect the changing nature of public sector work. (Contains 73 reference notes.) (SK)